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by toast0
1192 days ago
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Four checking accounts at the same bank and titled in the same name get only one helping of deposit insurance. > Coverage Limit: All deposits owned by a corporation, partnership, or unincorporated association at the same bank are added together and insured up to $250,000, separately from the personal accounts of the owners or members. > The corporation, partnership, or unincorporated association must be separately organized under state law and operate primarily for some purpose other than to increase deposit insurance coverage.~ https://www.fdic.gov/resources/deposit-insurance/financial-p... |
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